PARAMOUNT SKYDANCE DEBT GETS A SPLIT VERDICT

Paramount Skydance ($SKYD) sold a $52 billion debt package to fund its takeover of Warner Bros. Discovery, and investors placed $109 billion of orders, 3.6 times the amount on offer. Fitch and S&P still rate the senior notes investment grade. Moody's rates the same debt one notch lower, in junk territory.